To be able to say that there have been no redundancies at Stanelco inplies that you are close enough to this tiny company to know about such things.
Are you making this statement with any authority? Is it a guess? Or is there public information available for us to be able to work it out for ourselves.
You say that the manufacturing business is not important. Surely it is the results from that established part of the company which will bring the overstretched P/E down to a more comfortable level in the short term?